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Reporting the Provision for Income Taxes Smith & Sons Company presented the following information in the income tax footnote in its annual report:
Note 13. Income Taxes Provision for income taxes includes the following (in thousands)
| | End-of-year |
| Current payable | |
| U.S | $5,028 |
| Foreign | 438 |
| Deferred | |
| U.S | 2,980 |
| Foreign | (174) |
| Total | $8,272 |
How much tax expense did Smith & Sons report on its income statement for the year?
$Answer
thousand
How much of the reported income tax expense was paid currently and how much was deferred to a future period for payment?
| Paid currently | Answer | thousand |
| Deferred to a future period | Answer | thousand |
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